May 2017
Wealth report | Succession planning | Guarantors | Aged care | Financial literacy | Rent vs buy
The month of May has been busy. The Reserve Bank of Australia handed down their monthly monetary policy decision and we saw a number of changes foreshadowed with the release of the 2017-18 Federal Budget.
In this month’s edition, we take a light-hearted and informative look into the financial attitudes and behaviours of the ‘super wealthy’. Our animation explores the benefits of having a buy-sell agreement in place when it comes to business succession planning. We discuss the risks and responsibilities of becoming a guarantor on a loan for a family member. We continue our focus on aged care services with Home Care Packages. And, we share Adam Carroll’s TED Talk video, on the importance of teaching children financial literacy from an early age. Finally, we showcase one of our latest tools, the Rent vs Buy Calculator.
Financial mindsets of the super wealthy
Whilst on the path to financial freedom, occasionally it can be helpful to gain perspective along the way, by considering and then reflecting on the financial attitudes and behaviours of others. In this article, we look at several of the interesting findings from the 2017 Wealth Report.
Buy-sell agreements explained
When developing a business succession plan, having a buy/sell agreement in place may be a key consideration. In this animation, we discuss how this may assist in a smooth transition between a departing business owner and the remaining owners who wish to carry on with the business.
Things to consider with guarantor loans
The domestic housing market has received considerable attention over the last 12 months due to concerns around housing affordability, especially for new entrants. In this article, we discuss things to consider before becoming a guarantor on a loan for a family member.
Aged care services: Home care package
If you or a loved one requires higher-level aged care services, but would still like to reside at home then a Home Care Package may be an option to consider. In this article, we take a closer look at how this service works.
Is money becoming an illusion?
Do you remember playing Monopoly as a child? If so, do you think the way you played may have changed if you’d used real money? In this video, we explore the importance of educating your children on the value of money from an early age especially given the emergence of ‘tap & pay’.
Rent vs buy calculator
One of the many important decisions you may make in your lifetime is whether to continue renting or to purchase a residential property. The Rent vs Buy Calculator provides you with an estimate of your long-term financial situation when comparing the two options.
September 2016
Spring property renovations | Interest rates | REITS | Liquidity | Procrastination
We are beginning to see the flowers bud and the temperature gauge move slowly upwards. For many people this marks the time to get cracking on those much anticipated renovation plans, before you put your DIY-inclined hands to work, see our article on property renovations. Something to keep in mind when building an investment portfolio is liquidity, this month’s animation explores what it is and why it is important. With the official cash rate now at an all-time low, we’ve included some information to help you understand what this might mean for you. You may be familiar with cash, term deposits, property, shares, but have you heard of REITS? Find out more about what REITS are and how they might fit into a diversified investment portfolio. Finally, we leave you with a light-hearted video that looks at the power of ‘procrastination’.
7 things to consider before you renovate
Are you planning a renovation? Renovating a property is more than just a pure financial decision. It can have significant implications not only for your cash flow, but also for your lifestyle. So before you get going, take stock and make sure you’ve considered everything.
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Liquidity – What does it really mean?
Have you ever been in the situation where you needed to withdraw cash, close a term deposit before maturity, sell-down managed funds or shares, or put a property on the market to meet a sudden demand? The effort it takes to convert an asset into cash can vary widely.
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Why are interest rates so low?
With the Reserve Bank of Australia cutting the official cash rate in August for the second time in 2016, the official cash rate in Australia now sits at a record low 1.5%. Learn more about why cash rates have reached this level and what it may mean for you.
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REITS what are they and how do they work?
When most people think about investing in property they tend to think about residential homes or commercial properties such as shops, offices or industrial buildings. But there is another way to invest in property through listed property securities often referred to as Real Estate Investment Trusts or REITS. What are REITS and how do they work?
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Inside the mind of a master procrastinator
Have you ever been in a situation where you had a personal or work deadline and instead of sticking to your schedule you got side-tracked? For some people procrastination can also play a part in how they approach their personal finances. We hope you enjoy this funny and insightful talk.
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